Conduent (CNDT) EVP logs PSU vesting, forfeiture and tax share moves
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Conduent Inc. executive Mark Prout, EVP and Chief Information Officer, reported several equity award-related share movements in company stock on February 10, 2026. He disposed of 19,062 shares in a forfeiture tied to performance restricted stock units and had 9,465 and 8,390 shares withheld to cover taxes on vested awards at $1.43 per share. He also acquired 16,898 shares upon vesting of performance-based restricted stock units. After these transactions, he directly beneficially owned 651,074 shares of Conduent common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Prout Mark
Role
EVP, Chief Information Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common Stock | 19,062 | $0.00 | -- |
| Tax Withholding | Common Stock | 9,465 | $1.43 | $14K |
| Grant/Award | Common Stock | 16,898 | $0.00 | -- |
| Tax Withholding | Common Stock | 8,390 | $1.43 | $12K |
Holdings After Transaction:
Common Stock — 652,031 shares (Direct)
Footnotes (1)
- This represents the partial forfeiture of performance restricted stock units granted on April 1, 2023 that were subject to vesting based upon a pre-established total shareholder return performance condition for the period of April 1, 2023 through December 31, 2025. Such performance restricted stock units vested on December 31, 2025, with a payout percentage of 50%, which was certified by Conduent Incorporated's Compensation Committee on February 10, 2026. Shares withheld to pay for taxes on Performance Restricted Stock Units that have vested. This represents the number of shares of common stock issued upon the vesting of certain performance restricted stock units granted to the reporting person on April 1, 2023 that were subject to vesting based upon a pre-established revenue growth performance condition for the period of January 1, 2023 through December 31, 2025. Such performance restricted stock units vested on December 31, 2025, with a payout percentage of approximately 22%, which was certified by Conduent Incorporated's Compensation Committee on February 10, 2026.
FAQ
What insider transactions did Conduent (CNDT) EVP Mark Prout report?
Conduent EVP Mark Prout reported equity award-related transactions, including a forfeiture of 19,062 shares, tax-withholding dispositions of 9,465 and 8,390 shares at $1.43, and the acquisition of 16,898 shares from vested performance restricted stock units.
What performance conditions affected Mark Prout’s Conduent (CNDT) restricted stock units?
His awards were tied to total shareholder return and revenue growth performance conditions over multi-year periods ending December 31, 2025. The compensation committee certified payout percentages, including 50% for one award and approximately 22% for another, on February 10, 2026.